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and who is eligible for a refund. our guest is tax foundation chief economist william mcbride. "washington journal" is next. host: >> host: the white house is to eating -- is disputing claims. the u.s. ambassador to madrid will appear to discuss buying in the country after press reports that the nsa collected information on phone calls. chiefs from those and other countries are expected to travel to the u.s. to discuss those issues. this topic, even on the sunday talk shows yesterday. for our first 45 minutes, when it comes to physically monitoring by the nsa on our allies, we want to get your thoughts on whether the u.s. should rethink spying on allies. here's how you can tell us this morning. you can also reach out to us on social media. you can always send us an e-mail to journal at c-span.org. stores today and yesterday stemming on new developments when it comes to monitoring of ally activity by the nsa. new about obama spying. thatsa denies reports obama was told in 2010 of nsa spying on angela merkel and allowed it to continue. on sunday, the german tabloid siding unknow
it is not a fine, it is a tax. you know the government did not argue that it was a tax and even though the people challenging did not argue it is a tax, the supreme court called it a tax, and because it is a tax, you have to pay it first and then seek your refund. this is insane. and so people will have additional tax bill. they must pay the tax bill and petition the irs. begging the irs to have that money paid back to them because there was no insurance policy made available at the time the tax was due. >> that is because of judge roberts' ruling. >> it is because of the supreme court ruling. tax is different than a penalty. if we speed and have a point assessed. if you are i owe a tax and think it is too much. we pay the tax first and get the money back, later. that's what will happen to individuals who will not obtain insurance coverage because obama care doesn't work and the computer system couldn't get them to the insurance carrier and the dead line passed. >> so it is line garnishing the wages. >> it is the moral equivalent, yes. if you owe the tax and don't pay it, your employer will colle
times are among the highest in the country and let's not forget that taxes and spending in recent years to support the plan are under governor duval patrick have gone up substantially. we'll look at more of the claims by president obama in just a moment, but first, president obama now not the only one stonewalling for his health care plan. secretary secretary kathleen sebelius trying to get some answers about the disastrous obama care rollout. nbc news steve handelsman joins us. >> part of the parade of horribles as president obama calls it is millions of americans losing their health care and that's happening here on capitol hill, obama hhs secretary kathleen sebelius says blame insurance companies for millionses of americans getting lers and emails that they're getting dropped. republicans said president obama, with the help of kathleen sebelius, won reelection promising that if you like your health care coverage, if you like your insurance, if you like your doctor you can keep them. that, said a republican, amounts to political deception. >> millions of individuals who by listening t
in any temperature, even cold. tideod pop in. stand out. ♪ 'cause i'm the tax man, yeah, i'm the tax man♪ >> i love that music, i mean, that's just perfect because higher taxes may be coming thanks to obamacare. a report in the new york times that says millions of people will get free health coverage under obamacare. grover norquist joins us on the demands for ever more taxes. we're about a minute from the opening bell. come in from chicago, larry levin. look, larry, i've got a new poll from citigroup that says that 20 very rich families keep 39% of their assets in cash, only 25% in stocks. i'm surprised as so much cash. what does it tell you? >> well, it tells you those people have a whole lot of money, stuart and they've got less problems than a lot of people, even a lot of traders down here, you know, if you're going to keep-- >> do you think they're worried? do you think they're nervous with stocks as an all-time high and bonds doing very well, too? are they nervous? >> again, i think they may be nervous to a certain extent. you should be a little nervous when the markets are on t
for by the payroll tax. that's called -- a kind of single payer. but the republicans for years have been saying -- no we don't want it that way. we want private insurers. we want a profit motive the we want a market. and indeed if you look back, historically, richard mixston came up with a proposal that was very, very close to the affordable care act. democrats didn't like it. it wasn't close enough to social security and medicare. mitt romney, the reason the president is -- in massachusetts is because obama care was modeled exactly after romney care in massachusetts. including the individual man date, which mitt romney after he signed that into law and was asked where did the mandate come from. he said an idea from the heritage foundation. and i heard from it through newt gingrich. that's where -- that's where this comes, this comes from. so for republicans now to turn around and say, oh, we think this is just awful. we don't like any of this. well it its beyond ironic. it is sort of -- tragic and combic com comic. >> secretary sebelius -- >> the president made it clear. and our policy was put
like to go to a party with some of those people? >> maybe not. but we work hard and send our tax money in and waste is the way sebelius and the rest of the bozos. >> from the chairman on down on the republican side except for ryan i have yet to see one that -- >> they put this website online october 1st and it wasn't ready and spent a lot of americans' tax money doing it. >> i'm not for it. >> should have had a nice afternoon on the hill today? >> no, but have some people with intelligence asking some questions. >> this is the thing you pointed out early are. sebelius frustration caught on a hot mike. >> i have a unanimous consent request. i'd like -- madam secretary -- >> don't do this to me. >> is she referring to her staff trying to give her something at the time? i can understand that. like if the producer would be yelling something in your ear right now, which he's not. what are you doing to me? i got this. i can handle it. i do think that if you were just coming in to watch the hearing, you're dipping in and out as an american, you're listening to this, you want her to be able to
months. it could mean delaying the tax penalties if you don't enroll or delay could mean not doing anything on the individual mandate. how do you read that? >> republicans sense weakness. when you look at senator joe manchin of west virginia and others are pushing to enter into the obama care exchange for the individual mandate, so democrats are pushing for a delay on that front. republicans, of course, are pushing for a delay of the entire individual mandate. they would like to get inteegious on the record on those fronts. >> robert costa, thank you very much. we appreciate it, as always. >>> health and human services kathleen inte k -- kathleen sebelius is set to testify tomorrow. going back to the office of management and budget during the reagan years. chairman fred, thank you for coming on. i appreciate it. look, a very embarrassing politically devastating moment for obama, this whole business about false promises and you are not going to be able to keep at least 50% won't be able to keep their insurance plans what can you do about it, fred? what can you do about it? >> well,
for income tax purposes, the court would disregard it because this is s-corporation? >> it may well be. the fact it is an s-corporation even though it means there is this corporate forum, the net result of income and loss of penalty goes on frank and phil gilardi's income tax returns, part of schedule k. >> a complete pass through? >> yes. >> that is true of limited liabilitied corporations and associations? >> i think we deal with a you blah that impinges on fundamental first amendment freedoms the supreme court said we don't allow form to triumph over substance that. is what we're talking here. >> i think what lee says, if you're in the commercial, if you're in the commercial market you have to give up some for the greater good. >> i agree judge, it does say that but what we say that is part of the -- >> congress had some exemptions as well. >> nothing like in -- >> that is your take. you're saying the exemptions here are so overwhelming, so large in their number that you should win, i don't see you can't possibly get around lee. because lee had exemptions and the court gave it the b
, but the prospect of raising taxes remains a sticking point. >> simply taking more from the hard-working families of america just isn't the answer. i know my republican colleagues feel the same. so i want to say this from the get-go. if we look at this conference as an argument about taxes, we're not going to get anywhere. the way to raise revenue from our perspective is to grow the economy, to get people back to work. >> compromise runs both ways. while we scour programs to find responsible savings, republicans are also going to have to work with us to scour the bloated tax code and close some wasteful tax loopholes and special interest subsidies because it is unfair and unacceptable to ask seniors and families to bear this burden alone. >> ifill: the committee has until december 13 to hammer out an agreement. otherwise, the next round of cuts will kick in next year. we'll have more on this, later in the program. there's word that the national the deficit ran $680 billion -l last month. the first time red ink has fallen below a trillion dollars in five years. today's report said revenues rose by
with a blue cross silver atmo plan with tax credits, in that case, instead of $800 a month, it's $77 a month. and let me refer you to the interview on "meet the press" with the blue cross florida ceo. he was asked by david gregory, in florida, the oldest and largest health care plan provider, florida blue cross, confirmed it is cutting 300,000 policies. and this is what the chairman of blue cross of florida said, "we're not cutting people, and i quote, we're actually transitioning people. what we've been doing is informing folks that their plan doesn't meet the test of the essential health benefits. therefore, they have a choice of many options that we make available through the exchange, and, in fact, with subsidy, many people will be getting better plans at a lesser cost." so this has become a matter of legitimate discussion, and i think all of us would appreciate your addressing it. >> sir, again, going back to prior to the affordable care act days, these individuals in a small group or individual market had no protections. they had no guarantees of coverage, and they were still being cha
the treasury department showed a combination of more revenue like taxes and less spending. that led to a gap of $680 billion. guess what. it takes revenues and spending cuts to cut the deficit. they ought to work together on that. $2.08 billion is how much americans are spending on candy for halloween this year. never mind the declarations for the national retail federation. they expect an additional $2.6 billion on costumes and more people in my neighborhood i swear do halloween decorations than for the holidays. 75 days is how many we have before the primary for the special election for the late bill young and florida primary will be key to see the better position for the march 11 general election. the special election of one of the most competitive seats left in the house of representatives. 16 is how many democratic women senators all in fact signed in a private letter to hillary clinton urging her to run for president in 2016. they spilled the beans about it and a list in new york on monday, sources say barbara boxer led the effort that included other names mentioned as candidates inclu
republican after republican talking about cutting taxes, talking about growing the economy, but neachg t of he lks, tiddl ass the workg m awoma i's le e rublian pty s fogott theiddlclas exis. >> wel i ctain agr wi yo lo in trmsf making that contact with working families. and the biggest challenge families face in virginia is economic opportunity. it's jobs. there are enormous s.w.a.t.s wa because people have been unemployed so long. there's a big difference between me and terry mcauliffe. i can explain my plan to grow jobs and cut taxes, and he's proposing more government spending. $1,700 more in taxes per family versus my$700 tax cut. but a lot of them zero in now this month on obama care. and there's a stark difference between me and terry mcauliffe there also. and once again, his approach is bigger government, and mine is smaller government. i was the first to fight obama fight it. you were the first one to sue on obama care. >> right. >> at the same time, is that an issue for virginia voters? i mean, you know, we look at these numbers, and we're talking about, you know, roughly 10% o
. that's number one. number two, we need tax reform, in my view, tax reform that brings down the top corporate rates to something more closely aligned with every other developed nation in the world, and at the same time that we're doing that to generate some revenues for deficit reduction, to match what we're doing on the spending side. if you think about it, as the senator from ohio knows, the senator from west virginia knows, tax expenditures, tax breaks, tax credits, tax deductions, tax loopholes, tax gap adds up over the next ten years to anywhere from $10 trillion to $15 trillion. we're going to spend more money out of the treasury for tax expenditures than we're going to spend in all our appropriations bills combined. if we could capture 5% of $12 trillion over ten years for deficit reduction, that's $600 billion. if we could match that in like a bowles-simpson number, we could do about another $2 billion on deficit reduction on top of what we've already done. is that a grand compromise that i want and i think the senator from ohio wants and i know the senator from west virgini
point for income is $62,040, so if that's your income you qualify for the tax credits and subsidies. you earn one more dollar than that you don't get any of them in our case, the peopleup, if our income was under that $62,041 level, our premium is 386, because we're over it, our -- >> no wiggle room. ian, no wiggle room? >> well, you know, you can always go to your boss and say -- >> go ahead. >> well, it's about 65,000 in pennsylvania. same sort of situation. not a lot of people are going to be able to get it. >> hang in there. this is not the exception. it's more common than you think. guys, we appreciate your coming on. >> neil, could i say one more thing? >> real quickly, george, yes, i'm sorry. >> there's no acid test for this. people with millions of dollars can qualify for all the tax credits and subsidies under the plan. meanwhile, working people who earn more than 64,000 are make more for their health care and that's really, really unfair. >> to put it mildly. thank you, george. >> meanwhile, back to these tricks and so-called treats. i have always thought a liberal came up with
they knew what they were doing. even those folks couldn't afford it. it is not the rich paying more taxes. it is people who realize in order to buy insurance, which otherwise the irs is going to come after them, but in order to buy insurance, the premiums are up, the co pays are up, the deductibles are up sometimes up to several thousands of dollars. these folks are saying i can't afford health care and send my kids to college or buy the things i need to buy. has why it is outstanding -- that's why it is outstanding she says go and buy something else. the president has doctors on the team at the white house. but the moms and dads out there, the single moms and dads struggling to get through lost it and they don't know how to get it back. >> let's look atey -- lets 8 look. he said don't blame us. it is not the president's fault. >> the law does not say sears drops coverage. the law does not say you drop coverage. the insurance industry decides how it will make money. when the private companies decide that they will drop people or put them in the exchange you blame president obama. he is no
will also qualify for tax credits to make the coverage even more affordable. we know that consumers are eager to purchase this coverage, and to the millions of americans who have attempted to use healthcare.gov to shop and enroll in insurance care coverage, i want to apologize to you that the website has not worked as well as it should. we know how desperately you need affordable coverage. i want to assure you that healthcare.gov can and will be fixed and we are working around the clock to deliver the shopping experience that you deserve. we are seeing improvements each week and by the end of november the experience on the site will be smooth for the vast majority of users. over the past month, millions of visited healthcare.gov to take a look at new health care coverage under the affordable care act. in that time, nearly 700,000 applications for coverage have been submitted across the nation. more than half of those are in the federal marketplace alone. this tremendous interest confirms that american people are looking for quality affordable health care coverage. we know that the c
in $5,200 a year but the league untouchable by the tax man? why the league has been able to be tax exempt and who is trying to stop that. >> a new study reveals music does more than make us all dance. why children might want to listen to us before they take a test. [ grunts softly ] [ ding ] i sense you've overpacked, your stomach. try pepto to-go. it's pepto-bismol that fits in your pocket. relief can be yours, but your peanuts... are mine. ♪ we need a new recipe. let us consult the scroll of infinite deliciousness. perfect. [ wisest kid ] campbell's has the recipes kids love. so good! [ wisest kid ] at campbellskitchen.com. [ gong ] m'm! m'm! good! >> 26 palestinian prisoners rb released. they will be the second group of prisoners to be let go since august. israeli and palestinian representatives began talks in jerusalem this summer after a three-year hiatus. as part of the process israel agreed to release 104 palestinian prisoners. edwa a trader according to michael morrell. he claims the nsa leaker caused more harm than good-bye releasing the nsa secret play book. still the f
stream more than anything else. it really have a tax to make sure that we are still getting something out of you even if you try to say i'm healthy, i'm fine, i'm opting out of it if you start to see those little chinks in the armor, that can cause this not to be successful in the long run. let me mention a pinch in the other part of it. people are going to get subsidies and tax breaks. that's another pinch on the system. i hear republicans talking all the time about the computer and how bad the computer is i'm willing to assume it's going to be up and working on november 30th. i have a longer look at this how are we going to finance it. waivers, exemptions, subsidies and young people who aren't going to do. this i'm curious really where the money comes from. >> that's where harry reid is already talking about tax increases because you know we have to go back to the table, come the 15th of january, and then also the 7th of february, dealing with funding the forecast with the cr and then also with the debt ceiling. and you hear harry reid saying that everyone in the united states of americ
is compounding the problem. >> it will pass to the customers over a billion dollars worth of taxes and fees associated with the affordable care act that need to go into pricing. >> reporter: divided among aetna's 22 million members, that's not much but some say there are other added costs. children covered on parents' plans until they are 26 and protections for preexisting conditions. >> the analogy would be your house starts to burn. you call the insurance company immediately and say i would like household insurance. they say okay, sure. >> reporter: even employers say much of the increases are simply the result of rising health care costs and more people using health care. factors that at least for now have nothing to do with obama care. scott cohn, "nightly business report." >>> here to talk more about the changing landscape of health insurance is greg, assistant professor of management at northwestern university kellogg school of management and specializes in health care. good to have you with us. i assume you heard scott's package there. i want to get your best guess, estimate of how m
of this and navigate it. thank you. bill: your income tax, sales tax, how about a driving tax. why some states are now looking to charge people for every mile they drive and how the world with a plan to track that? martha: the old saying lice may never strikes twice turned out to be a myth for this man. we will tell you about his very close call. hi. i'm henry winkler. and i know there are many myths out there about a reverse mortgage, so i want you to know the facts. there are currently no credit score or income requirements to qualify. you can get tax-free money from the equity in your home. you can use the money to pay off your current mortgage if you have one. the remaining money can be used for anything. there's no monthly mortgage payments. and you still own your home! call today to get your free guide and dvd. it explains how a government-insured reverse mortgage works. there's no obligation. one reverse mortgage is a quicken loans company. their licensed experts can answer all your questions. call to find out what a great solution this can be. don't wait, call now! bill: so this man takes his
affordable health care as everybody else. a hot of people will qualify for new tax credits under this law, that will bring down costs even further. so that if you lose your job, or you start a new business, or you're self-employed or you're a young person trying several jobs until you find that one that sticks. you're going to be able to be insured. insurance that goes with you. and gives you freedom to pursue whatever you want. without fear that accident or illness will derail your dreams. this marketplace is open now. insurance companies are competing for that business. the deal is good, the prices are low. but let's face it, we've had a problem. a website hasn't worked the way it's supposeded to. over these last couple of weeks. and as a consequence, a lot of people haven't had a chance to see just how good the prices for quality health insurance through these marketplaces really are. now ultimately, this website, healthcare.gov, will be the easiest way to shop for and buy these new plans, because you can see all these plans right next to each other and compare prices and see what kind
republican after republican talking about cutting taxes, talking about growing the economy, but not reaching two of the folks, the middle class, the working man and woman, it's like the republican party has forgotten the middle class exists. >> well, i certainly agree with you, lou, in terms of making that contact with working families. and the biggest challenge families face in virginia is economic opportunity. it's jobs. there are enormous s.w.a.t.s wa because people have been unemployed so long. there's a big difference between me and terry mcauliffe. i can explain my plan to grow jobs and cut taxes, and he's proposing more government spending. $1,700 more in taxes per family versus my $700 tax cut. but a lot of them zero in now this month on obama care. and there's a stark difference between me and terry mcauliffe there also. and once again, his approach is bigger government, and mine is smaller government. i was the first to fight obama care, and he wants to expand it. >> you were the first one to fight it. you were the first one to sue on obama care. >> right. >> at the same time, is t
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too much. about two-thirds said raising taxes to cut the deficit was a nonstarter. and compared to obamacare, which more voters actually said they wanted to repeal, these levels of support are striking. so if our friends on the other side want to keep trying to claim an electoral mandate for maintaining obamacare contradicted by the facts as that phaoeurbgs while using their own logic we had to call the mandate for reducing the size of government a super mandate. that's why their new plan to undo the cuts the president campaigned on and increase the debt is so outrageous. we hear that the senior senator from new york will soon announce a proposal to give the permanent -- give the president permanent power to borrow more. in other words, he wants to extend the debt ceiling permanently by going around congress. let me repeat that. the so-called schumer-obama plan is a plan to permanently hand the president a credit card without spending limits and without lifting a finger to address the national debt. truly outrageous, especially when you consider that our debt is now $17 trillion
act. they don't like the fees and taxes on the industry. customers.he new they are lobbying to stop some of the feed but there's a mixed of the companies in health care. >> the los angeles times put out story taking a look at the cases in insurance and some cases in headlines. they're going get pricier as the out.rolls how -- if people are taking in the health insurance companies are health hem in, insurance companies changing how the policies for members because affordable care act. >> let's talk about something hat's happening to hundreds of thousands of people in small groups and individual markets. they currently have policies hat might no offer the same comprehensiveness of coverage that the affordable care act has. essential health care.its, majority they're getting notices from the insurers that they will not meet the standard starting january 1. this is the story too. my colleagues broke. it's gotten a lot of attention the press this week. what's happening is insurers are reaching out to those policy coveragend saying this is no longer adequate. you can enroll in a different
a year. didn't happen. it's not going to happen. he promised us no tax increases. huge tax increases. in fact, the biggest middle class tax increase we've ever seen. he told us that if we liked our health insurance plan we could keep it. tell that to 16 million americans today. or that the cost was actually going to go down. that didn't happen to jason anderson in my district who's 31 years old whose wife and 2-year-old baby saw their premium double and triple. >> what about all the people who can now buy health insurance because they had a pre-existing condition? earlier they couldn't buy health insurance. all of a sudden now they can go out and buy health insurance. you would welcome that. >> that was a heartbreaker for every american to hear those stories. that's something where republicans and democrats could have come together. the "washington post" said this is a $5 billion problem. you know me, wolf. i'm a strong fiscal conservative. i would have gone to the treasury and wrote out the check for 5 billion every year to pay for the pre-existing poll. that's something we could ta
't forget, it's tax deductib deductible. >> i disagree. okay. >> last word. are you disinvesting, mike? >> no, no, i'm always fully invested. i've been riding this. i've been delighted. we've had a very defensive take on the markets. as you know, i've stayed with my health care, my technology. my industrial stocks and my consumer staples. we've been looking like a hero. i hope it continues. but i don't -- i think you're much wiser when prices get this high. p/e multiples expand and profit margins are at all-time highs to hit your singles and doubles. >> buy and hold. that's my mantra. this thing is going to come to an end. they always do. i know that. >> yeah. >> but right now, it isn't the end. i'm with mr. heebner on this one. thank you. we appreciate it very much. >>> now, news, israelis take out a huge shipment of russian missiles in syria. looks like they were being sent to the terrorists at hezbollah. we're going to have the latest on that developing story and more, just ahead. it's a growing trend in business: do more with less with less energy. hp is helping ups do just that. s
were able to provide housing credit assistance. and that tax credit assistance and the tax credit change was a way to offset declining investors interested in housing tax credits. and that was done by some of my democratic colleagues, and i wanted to thank your office for working with us on that. >> thank you. >> thank you and they give back. >> that your number again is the gentleman from wisconsin to mr. duffy, for five minutes. >> thank you, mr. chairman. i want to be clear at the outset that fha has been very helpful in a lot of -- from a lot of my constituents first-time homebuyers, low-income home buyers, to achieve the american dream of homeownership. it has been incredibly helpful for them, so i don't want to underestimate how important the program has been for people who live in central and northern wisconsin. it's been a very helpful program. i think you picked up a little bit of concern on our side of the aisle, and i think our frustration here is that, is that whenever we have testimony, we continually bring up concerns about the capital reserve ratio. it hasn't been m
, but with the threat of tax. yesterday we all know better. if you like your insurance, you won't necessarily get it keep it because president obama and 279 congressional democrats chose to pass a flawed law that for many strips the choice away. i yield back, mr. speaker. the speaker pro tempore: the gentlelady's time has expired. for what purpose does the gentleman from south carolina seek recognition? >> mr. speaker, i ask unanimous consent to address the house for one minute. revise and extend my remarks. the speaker pro tempore: the gentleman is recognized for one minute. mr. wilson: mr. speaker, the augusta chronicle lead editorial on saturday hit the nail on the head pointing out that the real truths about the obamacare train wreck. americans remember a, quote, soothing assurance from president obama in 2009 when he was hawking his affordable care act to the masses. if you like your health care plan, you can keep your health care plan. now tell that to the hundreds of thousands of americans who already have received letters from health plans essentially telling them you are on your own, end
that americans get affordable care without all these regulations, mandates, taxes and there are ways that we can do it. what we are seeing with this healthcare law and so much attention is to the web site. the web site is really just the tip of the iceberg, there are big problems coming with this, greta. >> should secretary sebelius step down or get fired. >> the president gets to make that decision. >> what do you think. >> i have called for her resignation. i think when jon stuart and "saturday night live" are making fun of the job that you are doing and the web site, what that speaks to is the fact that young americans are laughing at the secretary and the web site. these are the people that the president is trying to coerce into buying insurance that is more expensive and more insurance that they want or need and in many cases can afford. that's the only way that you pay for the insurance for these older, sicker indivi younger people buy it. >> at this point though what would be achieved by that if she were, you know, if the president said you have got to go or she decided to go. what would
penalties from a tax refund, but if you aren't owed anything, the irs' options are very limited. why? congress banned the irs from using its usual techniques to force people to pay the penalty when it passed the affordable care act in 2010. >>> we have a chilling story out of colorado. police this morning searching for a predator who snatched a little girl from her bedroom in the middle of the night. authorities say the man pulled her through the unlocked window but the 8-year-old fought back courageously breaking free. her father heard her screams and ran outside to help her. he tells police he saw the suspect speeding away in the alley behind the house. >> we are treating this matter extremely seriously. we think there's a predator out there and he has to be stopped and he has to be caught. >> all the apartments on this block, it had to be somebody they knew, to know which room she was in and all that kind of stuff. >> investigators say they do not believe this family was specifically targeted. they did release a stretch of the suspect and they're treating the case as an attempted
lerner violated federal law by sharing confidential tax information from tea party groups with the federal election commission, judicial watch said they obtained e-mails from lerner that shows she disclosed information from several conservative groups including the american future fund, and the american issues project. lerner retired from the irs last month. but congressional investigations are ongoing. >> on wall street today stocks moved low edow down 73, nazdaq down 7, and nazdaq down 11. >> stocks posted strong gains for october, dow up 3% in october, s&p you of 4 1/2%, and nazdaq a gain of nearly 4%. on economic front, jobless claims fell by 10,000 last week. we're coming right back with much more. stay with us. >> out of touch perhaps but real out of the loop too? the president's accolade shield him from scandal from benghazi to the obamacare, the obama defense remains the same, he just doesn't know. congressman brad win drop with us next. as a business owner, i'm constantly putting out fires. so i deserve a small business credit card with amazing rewards. with the s
. which means that the premium must be paid, except that it will be paid in the form of taxes; so the tax burden. >> where is that going to happen? because the house isn't going to want a tax increase. >> exactly. but here is how the plan works though. if, in fact, there is a plan that costs $3 trillion, and that plan goes to $4 trillion and you cannot find that money from premiums, then it's going to be embedded in some form of more taxes. >> senator, i apologize. i must interrupt for one second. >>> this is a fox news alert. shepard smith is in the fox news deck with breaking news. >> update coming from police on deadly shooting that happened los angeles international airport. >> something like this how we respond. ask how we respond to moments like this in the line of fire and in our recovery. it is a tremendous testament that today, a day that started with horrific attacks is now ending with los angeles international airport beginning with reopen. this morning a gunman opened fire in lax's terminal 3, killing a tsa agent. the first to die in the line of duty and shooting two other peo
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